Delhi-NCR retail leasing rises 45% in Q1 as fashion and F&B fuel demand
Delhi-NCR retail leasing reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of activity, while fashion and food-and-beverage brands led occupier demand amid limited quality supply.
Delhi-NCR retail leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, led by malls and fashion/F&B demand. India’s top eight cities saw leasing fall 10% amid quality-space constraints, despite strong expansion interest from domestic and international retailers.
Why this matters
Delhi-NCR's Q1 leasing surge reinforces recent signals of fashion and F&B-led demand and follows a December 2024 forecast that the region would lead retail supply, with 27 million sq ft planned through 2028.
retail-company is accelerating, up 1,032,600% QoQ.